Bond Tender Offer and Proposal

26 March 2013

Man Strategic Holdings Limited (the Company) today announces its invitations to:

(i) holders (the Noteholders) of its €600,000,000 6.00 per cent. Notes due 2015 (the Notes) to tender any and all of their Notes for purchase by the Company for cash (such invitation the Offer); and

(ii) Noteholders to approve, by Extraordinary Resolution, the modification of the terms and conditions of the Notes (the Conditions) to provide for the Company to redeem (the Issuer Early Redemption) all, but not some only, of the Notes remaining (if any) on completion of the Offer (together the Proposal),

subject, in each case, to the terms and conditions set out in the Tender Offer Memorandum dated 26 March 2013 (the Tender Offer Memorandum) including, in the case of the Offer, the offer and distribution restrictions described below and set out more fully in the Tender Offer Memorandum.

Copies of the Tender Offer Memorandum are available from the Dealer Managers and the Tender Agent as set out below.  Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

 

 Description of the Notes  €600,000,000 6.00 per cent. Notes due 2015
 ISIN / Common Code  XS0488168351 / 048816835
 Outstanding nominal amount  €216,165,00
 Tender consideration /
 Early Redemption Amount		  107 per cent. of the nominal amount
 of the Notes plus Accrued Interest
 Total early tender consideration
 (without implementation of the Proposal)1		  109 per cent. of the nominal amount
 of the Notes plus Accrued Interest
 Total early tender consideration
 (with implementation of the Proposal)2		  110 per cent. of the nominal amount
 of the Notes plus Accrued Interest
 Amount subject to the Offer  Any and all

 

1 If the Proposal is not implemented, the total consideration payable to Noteholders who submit tender instructions prior to the Early Tender Deadline and whose Notes are accepted for purchase pursuant to the Offer comprises (i) the Purchase Price of 107 per cent. and (ii) the Early Tender Payment of 2 per cent. in each case of the nominal amount of the relevant Notes, plus Accrued Interest, all as further described in the Tender Offer Memorandum.

2 If the Proposal is implemented, the total consideration payable to Noteholders who submit tender instructions prior to the Early Tender Deadline and whose Notes are accepted for purchase pursuant to the Offer comprises (i) the Purchase Price of 107 per cent., (ii) the Early Tender Payment of 2 per cent. and (iii) the Proposal Consideration of 1 per cent., in each case of the nominal amount of the relevant Notes, plus Accrued Interest, all as further described in the Tender Offer Memorandum.

Contact

Global Communications

  • Georgiana Brunner
    Man Group, Head of Communications
    Tel: +44 (0) 20 7144 1000
    Rebecca Hooper
    Man Group, Senior Communications Manager
    Tel: +44 20 7144 1103
    Mobile: +44 7513 712636
    Neil Doyle
    FTI Consulting
    Tel: +44 (0) 7771 978 220

United States

Contacts mentioned herein retain the right to record any telephone calls made to them for training and monitoring purposes.

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